Chennai, Jul 24 (PTI) The signing of Free Trade Agreement between India and the United Kingdom paves the way for a new era of economic cooperation between two vibrant economies.
Extending his heartfelt congratulations to Prime Minister Narendra Modi on the signing of the agreement, TVS Supply Chain Solutions Chairman R Dinesh said as a company with a strong presence in the India and the United Kingdom, this FTA is a "strategic enabler."
"It will help streamline trade flows, reduce operational friction and accelerate our ability to deliver cost-effective, agile solutions to global customers," he said in a company statement on Thursday.
The agreement further strengthens the company's position in a critical market while opening new doors for cross-border collaboration, investment and innovation, he remarked.
India on Thursday signed the FTA, officially dubbed as the 'Comprehensive Economic and Trade Agreement' with the United Kingdom, the 16th pact so far, as the country aims to boost bilateral trade and investments.